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Safehold Shares Fall After RBC Downgrade

Safehold (SAFE) shares were over 3% lower in Monday trading after RBC downgraded the stock to sector perform from outperform, and lowered its price target to $16 from $18.Trading volume stood at more than 337,000 shares, compared with a daily average of about 355,000.Price: $14.35, Change: $-0.51, Percent Change: -3.43%

$SAFE

Australia6d ago

Alexandria Real Estate Equities Shares Fall After Baird Downgrade

Alexandria Real Estate Equities (ARE) shares fell 1.3% on Monday after Baird downgraded the stock to neutral from outperform and cut its price target to $46 per share from $67.Trading volume stood at over 1 million shares compared with a daily average of more than 2.4 million.Price: $40.83, Change: $-0.56, Percent Change: -1.37%

$ARE

Australia6d ago

Market Chatter: Goldman Sachs-Backed Boyd Offers Deeply Discounted Loan

Boyd Corp., backed by Goldman Sachs Asset Management, is offering a deeply discounted loan to refinance its capital structure following the sale of its liquid-cooling business to Eaton (ETN), Bloomberg reported Monday.Initial talks on its $530 million loan involve an interest rate 4.5 percentage points above benchmark, that is being offered at a discounted price of as low as 92 cents on the dollar, the report said, citing a person with knowledge of the matter.Goldman Sachs did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $904.16, Change: $-19.56, Percent Change: -2.12%

$ETN$GS

Australia6d ago

CoStar Group Shares Rise After CEO Buys Over 71,000 Shares

CoStar Group (CSGP) shares were up 1.6% in afternoon trading on Monday after a regulatory filing showed that the company's president and chief executive officer Andy Florance bought more than 71,000 shares on Friday.Trading volume stood at more than 3 million shares against a daily average of about 6.6 million.Price: $35.26, Change: $+0.54, Percent Change: +1.56%

$CSGP

Australia6d ago

Top Midday Decliners

Cogent Communications (CCOI) shares sank 35% amid heavy trading after the company reported on Monday lower Q1 service revenue that was below analysts' estimates.Shares sank 35% following a surge in intraday trading volume to over 5 million from a daily average of about 1.2 million.United Parcel Service (UPS) and FedEx (FDX) shares declined after Amazon.com (AMZN) announced the launch of Amazon Supply Chain Services, opening its logistics network to businesses.UPS shares slumped 10% as intraday trading volume catapulted to more than 12.9 million from a daily average of about 6.10 million.Norwegian Cruise Line (NCLH) reported Monday Q2 adjusted earnings outlook below analysts' forecasts and also cut its 2026 adjusted EPS guidance.Shares dropped nearly 9%, with intraday trading volume at over 41.3 million, versus a daily average of about 22.4 million.Price: $15.28, Change: $-7.88, Percent Change: -34.02%

$CCOI$FDX$NCLH$UPS

Australia6d ago

Argus Lifts SLB Price Target to $66 From $58

SLB (SLB) has an average rating of overweight and mean price target of $60.86, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $56.14, Change: $-0.79, Percent Change: -1.38%

$SLB

Australia6d ago

Expand Energy Progresses on Margins, Buybacks as Shares Trade at Discount, RBC Says

Expand Energy (EXE) is advancing margin-enhancing commercial initiatives and could see increased shareholder returns through stock buybacks, with its shares trading at a "meaningful discount to peers," RBC Capital Markets said in a report emailed Monday.The firm highlighted a new 1.15 million tonnes per annum LNG offtake agreement tied to Delfin FLNG Vessel 1, which pulls forward prior timelines and supports the company's goal of $0.20 per thousand cubic feet equivalent in margin expansion, equivalent to roughly $500 million in free cash flow, according to the report.Expand Energy remains "on track" to meet its 2026 budget of $2.75 billion to $2.95 billion and production guidance of 7.4 billion to 7.6 billion cubic feet equivalent per day, while retaining flexibility to adjust activity levels in response to weak natural gas prices, the report said.The firm cited encouraging early results from Western Haynesville wells and ongoing leadership transition progress, with a CEO expected in H2 of 2026, and said that after about $1.3 billion in Q2 debt repayment, capital returns are likely to increasingly favor buybacks over "variable dividends," according to the report.RBC has an outperform rating on Expand Energy, with a price target of $145.Price: $99.78, Change: $-0.34, Percent Change: -0.34%

$EXE

Australia6d ago

Piper Sandler Raises Tyson Foods Price Target to $80 From $75, Overweight Rating Kept

Tyson Foods (TSN) has an average rating of hold and mean price target of $68.54, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $66.19, Change: $+2.51, Percent Change: +3.93%

$TSN

Australia6d ago

Welltower Seen Extending Growth Momentum After Solid Q1, RBC Says

Welltower (WELL) delivered solid Q1 results and remains well positioned for both organic and external growth, RBC Capital Markets said Friday in a report.RBC boosted 2026 estimates, supported by about $4.7 billion in newly announced deals already completed, representing half of the full-year target. Core earnings may rise 20% in 2026, 17.5% in 2027, and 14.6% in 2028, the report said.RBC increased its projection for senior-housing operating income growth by 150 basis points to 21.2%, just below the high end of management's guidance.The senior-housing operating portfolio continued to show momentum to start the year, with occupancy rising 10 basis points sequentially despite a typically slower seasonal period, RBC said. Management lifted its full-year net operating income growth target by 100 basis points to a range of 16.5% to 21.5%, the report said.RBC raised its price target on Welltower stock to $238 from $230 and maintained its outperform rating.Price: $217.90, Change: $+0.99, Percent Change: +0.45%

$WELL

Australia6d ago

JPMorgan Adjusts Price Target on Norwegian Cruise Line to $14 From $18, Maintains Neutral Rating

Norwegian Cruise Line (NCLH) has an average rating of overweight and mean price target of $24.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $17.06, Change: $-1.76, Percent Change: -9.33%

$NCLH

Australia6d ago

Market Chatter: Apple Plans Pass-Building Tool for Next iPhone Software Upgrade

Apple (AAPL) is planning to introduce a new feature for its next iPhone software update that will allow users to develop and personalize their own digital tickets and gift cards in the Wallet app, Bloomberg reported Monday, citing people familiar with the matter.The pass-building feature for iOS 27 Wallet is expected to address the issue of many services still not offering passes compatible with the Wallet platform, sources told Bloomberg.The feature allows users to take a QR code and generate a custom pass around it, people told the media outlet.Apple did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $277.34, Change: $-2.92, Percent Change: -1.04%

$AAPL

Australia6d ago

Electra Battery Materials Signs $20 Million Canada Investment Deal for Cobalt Refinery

Electra Battery Materials (ELBM) said Monday it executed a binding investment agreement with the Government of Canada under the Strategic Response Fund.The investment provides $20 million in federal funding to support the construction and commissioning of its battery-grade cobalt sulfate refinery in Temiskaming Shores, Ontario.Mechanical completion of the facility is expected in the second quarter of 2027. Once commissioned, the refinery will have an initial annual production capacity of about 5,120 tonnes of battery-grade cobalt, increasing to 6,500 tonnes.A majority of production will be sold to LG Energy Solution under an offtake agreement announced earlier this year. The funding includes repayable and non-repayable contributions. The repayable portion is expected to be repaid over a defined period following project completion, according to the company.Shares of Electra Battery Materials rose more than 8% in Monday trading.Price: $0.64, Change: $+0.05, Percent Change: +8.35%

$ELBM

Australia6d ago

Ensign Delivers 'Impressive' Start to 2026, RBC Says

Ensign Group (ENSG) delivered a beat-and-raise in Q1, with strong sequential managed care growth seen rebutting clinical review concerns, RBC Capital Markets said in a note Friday.The note said it was another "impressive" quarter, with EBITDA and EBITDAR both exceeding market expectations.The report also said investors have focused on managed care referral volume following UnitedHealth's comments on increased clinical scrutiny to limit Skilled Nursing Facility admissions."We are encouraged by ENSG's strong sequential managed care census growth, robust acquisition pipeline, and management's confident tone on payer diversification," the note said.The report also said the company continues to execute its mergers and acquisition strategy, with an accelerating pipeline into Q2 and Q3.RBC kept its outperform rating with a price target of $222.Price: $181.82, Change: $-1.90, Percent Change: -1.03%

$ENSG

Australia6d ago

Ventas' Growth Outlook Improves on Strong Senior-Housing Trends, RBC Says

Ventas (VTR), a health-care real estate investment trust, continues to post strong growth in its senior-housing operations and is finding attractive investment opportunities, RBC Capital Markets said Friday in a report.RBC increased its forecast for senior-housing operating income growth by about 100 basis points in 2026 and 2027 and said it still expects Ventas to complete $3 billion of acquisitions a year.The senior-housing business continues to benefit from a strong operating backdrop, including pent-up demand and limited vacancy at well-run communities, reinforcing confidence in Ventas' long-term outlook, the report said.Estimates imply core earnings growth of 9.3% in 2026, 11.3% in 2027, and 12.2% in 2028, RBC said. Occupancy in the senior-housing portfolio may rise to 93% in Q4, 94.9% in Q4 2027 and 96.1% in Q4 2028, the report said.RBC raised its price target on Ventas stock to $98 from $91 and maintained its outperform rating.Price: $88.00, Change: $-0.02, Percent Change: -0.02%

$VTR

Australia6d ago

Update: Medline Launches AI-Powered Mpower Platform to Strengthen Supply Chain

(Adds stock movement in the final paragraph)Medline (MDLN) has launched Mpower, a cloud-based, AI-powered supply chain platform designed to help health care providers anticipate and respond to potential disruptions before they impact patient care, the company said Monday.The digital control tower "predicts future risks, offers real-time solutions with proactive optimizations and automates workflows," the company said, adding that it aims to reduce daily operational burden for supply chain and clinical teams.Initial data from 10 US health systems where Mpower was deployed showed more than a 50% improvement in order substitution workflows and decision making, Medline said.The platform, developed with Microsoft, is being rolled out in phases through 2026, with additional features planned as it evolves.MDLN shares were down 1.3% in Monday afternoon trading.Price: $44.18, Change: $-0.58, Percent Change: -1.28%

$MDLN

Australia6d ago

OneMain's Q1 Consumer Loan Credit Performed Better Than Pre-Pandemic Patterns, RBC Says

OneMain (OMF) saw Q1 consumer loan credit perform better than pre-pandemic patterns, although net charge-offs were higher than expected, RBC Capital Markets said in a note emailed Monday.The company's company-wide net charge-off was 8.4%, higher than the expected 8.1% figure, RBC analysts said. Their updated model forecasts net charge-offs of 7.6% for full-year 2026.On the positive side, consumer and insurance loans, including autos, showed fewer 30 to 89 days delinquencies, beating estimates at 2.84% versus 3.04%, the analysts said. Their analysis of asset-backed securities trust data confirmed that non-auto consumer loan delinquencies were better than pre-pandemic levels.RBC increased its 2026 and 2027 adjusted EPS estimates for the consumer and insurance loans segment to $7.41 and $8.61, from $7.38 and $8.55, respectively.The analysts said they maintain a positive view on OneMain's resilient business model, capital generation potential, and strong liquidity position.RBC kept the company's stock rating at outperform and revised the price target to $70 from $73.Price: $55.38, Change: $-1.22, Percent Change: -2.15%

$OMF

Australia6d ago

Top Midday Gainers

Celcuity (CELC) reported late Friday positive topline results from a cohort of its phase 3 Viktoria-1 trial, with the study meeting its primary endpoint and showing a clinically meaningful improvement in progression-free survival.The study evaluated gedatolisib plus fulvestrant, with or without palbociclib, in patients with HR-positive, HER2-negative, PIK3CA-mutant advanced breast cancer who had progressed after a CDK4/6 inhibitor and an aromatase inhibitor.Shares jumped more than 16%, with intraday trading volume at over 2.5 million from a daily average of roughly 737,000.CNS Pharmaceuticals (CNSP) shares surged 268% amid heavy trading after the company said Monday it signed deals for a private placement financing likely to generate roughly $22.5 million.Intraday trading volume catapulted to over 78.4 million shares from a daily average of about 32,000.American Express Global Business Travel, which is operated by Global Business Travel Group (GBTG), said Monday it has entered into a definitive agreement to be acquired by Long Lake Management for $9.50 per share in an all-cash deal valued at about $6.3 billion.Shares soared 57%, with intraday trading volume of over 61.6 million from a daily average of about 1.6 million.Price: $146.00, Change: $+20.35, Percent Change: +16.20%

$CELC$CNSP$GBTG

Australia6d ago

Sanofi Plans $216 Million AI Center Expansion in Toronto

Sanofi (SNY) said Monday it will invest 294 million Canadian dollars ($216 million) to expand its global AI Centre of Excellence in Toronto in a bid to accelerate the development and delivery of medicines.The expansion will create 50 new jobs focused on the designing and deployment of advanced AI tools, according to a statement.The expansion is also supported by a conditional grant of up to CA$5 million from the Invest Ontario Fund, the company said.Shares of Sanofi were down 6% in Monday trading.Price: $43.30, Change: $-2.78, Percent Change: -6.03%

$SNY

Australia6d ago

Acadia Healthcare Rebounds After Bad Debt Concerns Clarified, RBC Says

Acadia Healthcare's (ACHC) outlook has improved after management clarified concerns around bad debt following its recent earnings call, RBC Capital Markets said in a Friday note.The brokerage said in a Friday note that the sharp post-earnings selloff was an "overreaction" and that management's follow-up comments walked back earlier "broad-based" bad debt concerns. It added that the issue is instead "not broad-based across payer types or geographies, but rather isolated to a small number of geographies and specific payors."RBC also pointed to potential upside from Florida supplemental payments, which are not yet included in guidance.The brokerage said it is "incrementally more comfortable in ACHC's positioning" given management's focus on operational discipline and added resources to address denial and bad debt issues.RBC raised its price target to $31 from $28 while maintaining an outperform rating.Shares of Acadia were up nearly 2% in Monday trading.Price: $28.39, Change: $+0.54, Percent Change: +1.94%

$ACHC

Australia6d ago

Cisco Systems Plans to Acquire Astrix Security

Cisco Systems (CSCO) said Monday it plans to buy Astrix Security to broaden its automated agent and non-human identity defense capabilities.Astrix delivers discovery, lifecycle administration, and threat mitigation tools to secure machine credentials and minimize system vulnerabilities, Cisco said.The network equipment provider expects to integrate Astrix's functions into its identity intelligence, boosting visibility and context across identities within its security platform, it added.Financial terms were not disclosed.Price: $93.03, Change: $+1.18, Percent Change: +1.28%

$CSCO

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